EDP S.A.EURONEXT: EDP

EDP, S.A. informs on: Operating Data Preview 9M26

· Issued by EDP S.A.

Key figures

  • Iberian FlexGen & Clients - Pumping +20% YoY
  • Generation +3% YoY, excluding thermal
  • Iberian demand growth +3.2% YoY

On 6ix: 6ix.com/news/edp-sa-informs-on-operating-data-preview-9m26

Watch EDP's latest callEDP (Euronext:EDP) Q2 2026 Earnings Call · Replay · Jul 30Read the transcript of EDP (Euronext:EDP) Q2 2026 Earnings Call
‌EDP's 9M26 results will be released on November 5th, 2026, after the Euronext market closes. A conference call will be hosted by Mr. Miguel Stilwell d'Andrade, CEO, and Mr. Rui Teixeira, CFO, on November 6th at 8:30 am UK/Portugal time. More information will be available on edp.com

EDP 9M26 Operating Data Key Operational Data 2

‌Key Operational Data 9M26

Electricity Distributed

70.2 TWh

+3% vs 9M25

% of Renewables

Generation

92%

+2 p.p. vs 9M25

Electricity Generation

48.3 TWh

+0.5% vs 9M25 (+3% RES)

Hydro Pumping generation

2.1 TWh

+20% vs 9M25

Hydro Resources Portugal

+21% vs. LT Average

vs +38% in 9M25

10%

3%

33 GW

+2% YoY

87% Renewables

Key Highlights Generation by Technology Installed Capacity1

  • Iberian FlexGen & Clients - Pumping +20% YoY:

    A Q3 average pool price of €124/MWh lifted the 9M average by €10/MWh YoY. Half of 9M pumping took place in Q3; reservoir levels stood at 51%, in line with historical averages.

  • Generation +3% YoY, excluding thermal:

    Growth in core technologies was supported by 1.8 GW of EDPR additions and stronger hydro output in Iberia and Brazil.

  • Iberian demand growth +3.2% YoY:

Customer growth, higher consumption and EV uptake as main drivers. EVs & PHEV's: 41% of Portuguese new-car registrations in August vs 32% in EU.

Business Segment

8%

48.3 TWh

+0.5% YoY

26%

92% Renewables

20%

46%

Wind Hydro Solar Gas Other

23%

22%

42%

Wind Hydro Solar Gas Other

Installed Capacity (GW) Generation (TWh) Comments

EDPR

20.5

+4%

YoY

30.9

+2% YoY • Installed capacity reached 20.5 GW (+4% YoY), with 1.9 GW in portfolio additions (+2% YoY), of which 56% in the US.

  • Generation increased by 2% YoY to 30.9 TWh, with North America remaining the main growth driver.

FlexGen & Clients

12.3

+1%

YoY

17.3

-3% YoY • Generation: Hydro output reached 12.3 TWh, supported by higher pumping volumes and Brazilian generation. CCGT output declined vs 2025.

  • Supply: Portugal's liberalised-market stable at 3.418m clients. Volumes rose 7% YoY due to higher average consumption.

Electricity Distributed (TWh) Connection points (#) Comments

70.2 +3% YoY 12,124 +1% YoY

Electricity Networks • Electricity distributed rose +3% YoY, +2% in Iberia (+3% in Portugal; -2% in Spain, reflecting a temporary outage at a large industrial client) and +4% in Brazil due to higher temperatures during 3Q26.

1 EBITDA + Equity

‌Market indicators

Iberian electricity market

9M26

9M25

%

Hydro coefficient - Portugal

1.0 = avg. Year

1.21

1.38

-17%

Hydro coefficient - Spain

1.0 = avg. Year

1.10

1.30

-20%

Final Electricity Price Spain

96.4

81.7

+18%

Electricity Distribution

Iberia 9M26 9M25 ∆ % ∆ Abs.

Customers Connected (th)

8,053

7,990

+0.8%

+63

Portugal

6,641

6,586

+0.8%

+55

Spain

1,412

1,404

+0.6%

+8

Electricity Distributed (GWh)

46,890

45,852

+2.3%

+1,038

Portugal

36,928

35,718

+3.4%

+1,210

Spain

9,962

10,134

-1.7%

-172

Brazil 9M26 9M25 ∆ % ∆ Abs.

Customers Connected (th)

4,071

4,002

+1.7%

+69

EDP São Paulo

2,243

2,206

+1.7%

+37

EDP Espírito Santo

1,828

1,796

+1.8%

+32

Electricity distributed (GWh)

23,338

22,456

+3.9%

+882

Regulated customers

11,014

10,743

+2.5%

+271

Customers in Free Market

12,324

11,713

+5.2%

+611

Avg. baseload electricity price

74.1

65.1

+14%

Ancilliary services

22.3

16.6

+34%

Final Electricity Price Portugal

91.3

79.7

+15%

Avg. baseload electricity price

74.1

64.5

+15%

Ancilliary services

17.2

15.3

+13%

Hydro reservoirs EDP in Iberia

historical avg.

in %

51 %

51 %

68 %

-17 p.p.

TWh

1.4

1.4

1.9

-25%

Brazilian electricity market

9M26

9M25

%

Average spot price (PLD)

R$/MWh

216

210

+3%

Generation Scalling Factor (GSF)

%

89 %

89 %

0 p.p.

Exchange rates

9M26

9M25

%

EUR/USD - Average

1.16

1.12

+4%

EUR/BRL - Average

5.98

6.32

-5%

EUR/USD - End of period

1.14

1.17

-3%

EUR/BRL - End of period

5.91

6.24

-5%

Electricity Supply

Energy Supply to Clients 9M26 9M25 ∆ % ∆ Abs.

Supply Points (th)

Electricity

4,213

4,261

-1.1 %

-48

Portugal - Free market

3,418

3,429

-0.3 %

-12

Portugal - Regulated tariff

779

817

-4.7 %

-38

Spain - Free market

16

14

+13.8 %

+2

Gas Iberia

541

552

-2.0 %

-11

Volume of electricity sold (GWh)

22,179

20,806

+6.6 %

+1,374

Portugal - Free market

13,486

12,621

+6.9 %

+866

Portugal - Regulated tariff

1,691

1,827

-7.4 %

-136

Spain - Free market

7,002

6,358

+10.1 %

+644

Gas sales Iberia (GWh)

6,846

3,649

+87.6 %

+3,197

‌Operational Performance

Generation

Installed Capacity - MW1

Load Factor (%)

Electricity Generation (GWh)

Sep-26

Sep-25

∆ Abs.

∆ %

U/C

Sep-26

9M26

9M25

∆ Abs.

9M26

9M25

∆ Abs.

∆ %

Wind Onshore

12,342

12,377

-36

-%

451

27 %

28 %

-1p.p.

22,234

22,419

-185

-1%

North America

6,597

6,408

+188

+3 %

103

32 %

31 %

+1p.p.

13,440

12,745

+695

+5%

Europe

4,590

4,813

-224

-5 %

348

22 %

24 %

-2p.p.

6,872

7,450

-576

-8%

South America

1,155

1,155

-

- %

-

26 %

38 %

-12p.p.

1,921

1,147

+773

+67%

Solar Utility Scale

4,787

4,748

+39

+1%

673

25 %

25 %

-p.p.

7,693

6,887

+807

+12%

North America

2,694

2,544

+150

+6 %

366

5,197

4,439

+758

+17%

Europe

982

1,108

-127

-11 %

288

1,069

1,061

+8

+1%

South America

670

670

-

- %

-

792

839

-47

-6%

APAC

441

426

+15

+4 %

20

635

547

+88

+16%

Solar DG

1,744

1,577

+167

+11%

96

15 %

15 %

-p.p.

1,780

1,467

+312

+21%

North America

315

271

+44

+16 %

65

319

246

+73

+30%

Europe

465

411

+53

+13 %

-

458

302

+156

+52%

South America

209

197

+12

+6 %

-

287

283

+3

+1%

APAC

756

6982

+58

+8 %

31

716

636

+80

+13%

Hydro

6,920

6,924

-3

-%

-

28 %

27 %

+1p.p.

12,483

12,173

+310

+3%

Portugal

5,074

5,078

-3

- %

-

25 %

25 %

-p.p.

8,371

8,435

-64

-1%

Pumping activity

2,358

2,358

-

- %

-

-2,091

-1,742

-348

+20%

Run-of-River

1,174

1,174

-

- %

-

2,516

3,177

-660

-21%

Reservoir

3,844

3,847

-3

- %

-

5,739

5,128

+611

+12%

Small-Hydro

57

57

-

- %

-

116

130

-14

-11%

Spain

444

444

-

- %

-

19 %

18 %

+1p.p.

564

535

+29

+5%

Brazil

1,401

1,401

-

- %

-

39 %

35 %

+4p.p.

3,548

3,203

+344

+11%

Gas/ CCGT

2,886

2,886

-

-%

-

21 %

25 %

-4p.p.

3,883

4,709

-826

-18%

Coal

916

916

-

-%

-

9 %

6 %

+3p.p.

208

358

-150

-42%

Other

-

-

-

-%

-

- %

15 %

-15p.p.

-

5

-5

-100%

BESS

649

207

+443

-%

256

EBITDA MW

30,244

29,635

+609

+2%

1,477

48,281

48,019

+261

+0.5%

By region

North America

10,105

9,429

+676

+7%

680

31 %

31 %

+1p.p.

13,886

14,305

-419

-3%

Europe

15,441

15,657

-217

-1%

746

23 %

24 %

-1p.p.

11,896

12,035

-139

-1%

South America

3,496

3,424

+72

+2%

-

31 %

34 %

-3p.p.

17,601

16,133

+1,468

+9%

APAC

1,202

1,124

+79

+7%

51

23 %

22 %

-p.p.

1,351

1,351

-

-%

Equity MW

2,541

2,357

+185

+8%

352

- - - -%

EBITDA + Equity MW

32,785

31,991

+794

+2%

1,828

- - - -%

1 Installed capacity that contributed to the revenues in the period.

2 Past values restated.

EDP S.A. on 6ix

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